New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-07-14

WEDNESDAY, July 1872. N.

WEDNESDAY, July 13-P. NJ.
The stock markets to day active and at the
expense Of figures. Prices generally opened lower and
from that traders their cue for the days
operations Stocks sold and prices pounded
with freedom that indicated some fresh unfavorable
developments. And yet the general situation Is I'M
changed than Is known Of the status OF the
great deal" We cannot better the situation At
the Stock Exchanges than Is done In the following COM
muncation from old member of the board. Many OF
his friends will recognize the writer In his initial lotters
TO me Edttor OF The Trfbune
SIR: Wall Street is funny place Not long since the
taiIors had great strike and called the manpu-
ators OF claythe brckmakers To tax themselves Tor
down SS "P II Wall street laughed and to
what ground the makers OF brick felt to give
not kindly enlighten your many readers by informing
them what bearing the manipulation OF tne market nc
100 still leaving the stock IN the hands OF ts promoters
Constellation Of several paying telegraph
companies Into one, has to do IN any way Win tue
market value OF prosperous and IMPROVING railway p.op
ings for their stockhoders And yet with net earnings
moittss that evidence the prosperity OF the country
market value Of railway stocks has had extreme decline
men will by and By laugh over such folly and
making purchases OF cheap sooks-and this In the race
OF ruinors OF borrowed trouble. y. q.
Seo York, July 49, 1887.
As lately we have fallen into habit OF propoundng
conumdrums we are much in the humor Of solving
Others hut this much by way VI reply may be said
coward will face an open and known danger while the
brayes OF the brave when convinced that he Ia followed
by hidden and secret foe which will strike him I'M
awares grows nervous and irritable That Is just what
has happened the stock speculation BY process rs
insdious as IL Ingenious operators and investors
have become impressed with the Idea that something s
hanging over the market" and therefore, while 10 does
not disturb long stocks that have been properly pro-
teced caused entire cessation OF ventures
given tho control Of the marset to handful OF rich
Spectators who using IL for their own purposes The
situation ridiculous than II ID serious The whole
United States Is permitting three or four rcn men To
name the prices at which tho country may deal In
securities be they good. bad Indifferent. The special
feature to-day was Cincinnati. Hamilton and Dayton
stock Its last recorded sale several weeks ago was at
about I47 To-day IL Offered down . per cent at
time till finally 5000 shares offered at 100 and
there practically bid for the stock Probably II
was another Manhattan arrangement with variations In
the method OF the play. The days dealings and the
alleged absolute ignorance OF large operators "A TO
what is going In the market. Is revival In n new
FORM OF tue old story OF the ostrich which, buryng its
head In the sand. imagined that its whole body was
hidden from view. Despite the Cincinnati, Hamilton
parties who generally supposed to be deeply inter-
este that seemed 10 he less concerned about s
price than any one else In the Street But the whole
market affected by IT, and closed weak at the lowest
figures
oyernment bonds were moder ately dealt In and sere
EASY I,ids for 4 los OF e per cent Annexed
are the closing quotations: